[Until January 30, 2003, this section reads as follows:]

Every insurance agent who sells an insurance policy written or issued by an insurer not licensed to do business in this State is personally liable for the limits of the coverage provided for in the policy if the agent fails to comply with the provisions of this title relating to policies issued by insurers not licensed to do business in this State.

[From and after January 31, 2003, this section is entitled "Personal liability of producers for selling policy of unlicensed insurer" and reads as follows:]

Every insurance producer who sells an insurance policy written or issued by an insurer not licensed to do business in this State is personally liable for the limits of the coverage provided for in the policy if the producer fails to comply with the provisions of this title relating to policies issued by insurers not licensed to do business in this State.